How To Start Using Your Acorn Fund Savings!

If you or your child has graduated from high school and signed up for our Acorn Fund program, you can request funds to pay for the 2020 Fall Semester beginning July 1, 2020.

 
Eligible account holders must complete an online Acorn Fund Distribution Request application to request a withdrawl of funds for use at a qualified higher education institution.  The application link and instructions are below.  You can determine if your institution is "qualified," HERE.  
 

COVID-19 UPDATE:  Please be aware that college business offices may be closed and staff may be working from home.  Most importantly, some colleges have designated a new address to send college payments which is different than what is currently on their website.  


Our advice:  Call the business office to confirm the mailing address before  sending your college payment.  Also, because Acorn Fund payments are delivered by FedEx, please let us know if your college only accepts FedEx deliveries on specific days and times.


Please note: Processing of payments at the college may take much longer than usual and if possible, send your payment in early.  If you are requesting a distribution from your Acorn Fund and think your payment might not be delivered by the deadline, please call us.


If you are unable to call the business office directly, you may have to initiate a conversation with them by sending an email. You can find the business office email on the college website. These offices are sometimes called the Bursar’s Office, Office of Student Accounts, etc.


Acorn Fund Distribution Request Application Instructions
 
You will need to have this information handy:
  • Student's social security number.
  • College office where you send your tuition payments. (ex. Bursar’s Office, Office of Student Accounts, etc.)
  • College office street address.
  • Student college account or student identification number.

Application Deadlines

If you need payment to the college before July 29, 2020, please contact us.

Application Received By Check Delivered On or Before 
July 15, 2020 July 29, 2020
July 29, 2020 August 12, 2020
August 12, 2020 August 26, 2020
August 26, 2020 September 9, 2020
September 9, 2020 September 23, 2020
We also have exciting news about the Distribution Request application!  Applicants will notice a brand new look when they click on the application link, and all Acorn Fund graduates will have an opportunity to create their own application account when they request a distribution.  
 
 
Once you complete the request, we’ll take care of the rest! The money will go directly to your college, and you’ll know it’s received when you see a credit in your account. 

 

One last thing: withdrawing the money may reduce any financial aid you receive from other sources, so it may be in your best interest to actually wait until after freshman or sophomore years to request your funds. That’s totally up to you, but if you do receive other forms of financial aid that are tied to your family’s income, we’d recommend doing some research into how that aid could be affected.

If you have any questions, please call Joyce Elwell at 844-4FORMAN (436-7626), ext 102.